Johnson & Johnson shares dropped 1.9 percent after the company said it received subpoenas from U.S. regulators related to litigation involving alleged asbestos contamination in its signature Baby Powder product line.

Bunge Ltd slipped 3.7 percent after the global grains merchant reported a lower-than-expected quarterly profit, as its agribusiness was hit by declining soybean prices in Brazil.

Markit U.S. manufacturing PMI for February is seen dipping to 54.7 from 54.9 in the previous month. The report, due at 9:45 am ET, will be watched for clues on factory growth in the U.S. economy.

Meanwhile, data on durable goods orders is likely to have risen in December from the previous month. Initial claims for state unemployment benefits are expected to drop for the week ended Feb. 16 from last week. Both reports are due at 8:30 a.m. ET. (Reporting by Shreyashi Sanyal and Sruthi Shankar in Bengaluru)